16 May 2024
HgCapital Trust plc
("HgT", "the Company")
Legal Entity Identifier:
213800J7QUJJBEFSIN38
Directorate Change
HgT is pleased to announce that Mr
John Billowits joins the HgT Board today.
John has over 25 years of
operational experience and a wealth of investment expertise in the
software sector, he also brings valuable international perspective,
through his past roles and current appointments on Boards of
US, Canadian and European software companies. A
past CFO and CEO, John is a Chartered Accountant with a depth of
financial knowledge.
Jim Strang, Chairman of HgT, said: On behalf of the Board, I
am delighted that John will join the HgT Board. An experienced CFO
and CEO, John is a highly regarded investor and operator in the
software sector, and brings a unique combination
of skills and personal strengths that are highly complimentary to
HgT now, and as we continue to execute our
strategy of investing in a portfolio of high-growth private
companies in the software and services
sector."
John is a Board Member of
Constellation Software Inc. ("CSI"), a global provider of software
and services to a number of industries in both, the public and
private sectors. He also sits on a Board of Togetherwork, a
privately held vertical market software company, and Topicus.com
Inc., a European provider of vertical market software and vertical
market platforms to clients in both the public and private sectors.
John is also a Partner at KingsPeaks Partnership and a Board member
of Computer Modelling Group Ltd.
John joined CSI in 2004 as the
President of the Jonas Operating Group of CSI, a role he held from
2004 to 2007. He went onto serving as the Chief Financial Officer of CSI between
2007 and 2013, and then served as Chief Executive Officer of Vela
Software, a subsidiary of CSI until 2020.
Before, John held a number of roles
with Bain & Company, Dell Computers and PwC.
John is a Chartered Professional
Accountant, holds an MBA from the London Business School and an
Honours BBA with Distinction from Wilfrid Laurier
University.
On appointment to HgT, he will join
the Audit, Valuation & Risk Committee, the Nomination Committee
and the Management Engagement Committee.
There are no other details that are
required to be disclosed under 9.6.13R of the Listing
Rules.
For
further details please contact:
|
Laura
Dixon (Senior Investor Relations Manager, Hg)
|
+44 (0) 78 2459 2894
|
|
Aleksandra Saldarini (Company
Secretary, Link Company Matters Limited)
|
+44 (0) 7540 297 938
|
About HgCapital Trust
plc
HgCapital Trust plc, whose shares
are listed on the London Stock Exchange (ticker: HGT.L), gives
investors exposure through a liquid vehicle to a portfolio of
high-growth private companies in the software and services sector.
The selection of new investments and creation of value in these
businesses are managed by Hg, an experienced and well-resourced
private equity firm with a long-term track record of delivering
superior risk-adjusted returns for its investors. For further
details, please see www.hgcapitaltrust.com.
For further details, see
www.hgcapitaltrust.com
and www.hgcapital.com